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From the opinion pages of the Wall Street Journal, this is Potomac Watch.

New York Governor Kathy Hokel and Mayor Zoran Mamdani team up to pitch a new tax on second homes.

As Mamdani chooses a site to build a brand new government-operated grocery store,

and Hockel fights for auto insurance reform, saying that

thousands of car crashes in the state are, in fact, staged. Welcome, I'm Kyle Peterson with the Wall

Street Journal. We're joined today by my colleagues on the journal's opinion pages, columnist

Kim Strassel, and Alicia Finley. Governor Kathy Hokel has been under pressure from socialist Mayor Zornbemdani to raise taxes.

And while she's opposed the idea of broadly increasing New York's income tax, at least so far,

last week she proposed helping New York City close its budget gap with a new tax on second homes valued at over $5 million.

Let's listen to a piece of Kathy Ocle announcing her support for this plan.

This is not a tax on a residence, primary residence. If an owner lives there full-time

or rents it out to a full-time tenant, the surcharge

will not apply.

This is a targeted surcharge on second homes and investor-owned apartments worth over $5 million.

Homes that in many cases sit vacant for a large part of the year.

...